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Question - MM and NN are partners who share profits and losses in the ratio of 60%: 40%, respectively. MM's salary is P50,000 and P30,000 for NN. The partners are also paid interest to MM P15,000 and NN, P12,000. The profit and loss allocation is determined after deductions for the salary and interest payments. If NN's share in the residual income (income after deducting salaries and interest) was P44,000 in 2021, what was the total partnership income?
with the increasing use of technology in the workplace determine if workplace security is getting easier or more
The cost sheet of the only job still in process shows direct material cost of $1,640 and DL cost of $880. Therefore, the amount of applied overhead is?
Current variable costs are $6 a unit and fixed costs are expected to total of $165,000. Use this information to find the dollar value of sales for Dorchester
Initial franchise fee P4,320,000. The entity used 2 decimal places for the PV factor. What is the franchise cost on December 31, 2021?
A department has no beginning work in process, has started 80,000 units and completed 50,000 units. Its ending work in process is 30,000 units, 60% complete as to conversion costs and fully complete as to materials.
Determine the correct inventory amount to be reported in Raymond's 2021 balance sheet. The December 31, 2021, year-end inventory balance of the Raymond
Winston Clinic is evaluating a project that costs $52,125 and has expected net cash flows of $12,000 per year. What is the project payback
Product A has a sales price of $13 per unit. Based on a 11,300-unit production level, What is the budgeted income from Product A
Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Crane Company for the year 2020
jones widget company jwc incorporated near the end of 2007. operations began in january of 2008. jwc prepares adjusting
Define the role of accounting as it relates to your business (your answer should include accounting information, users of information, accounting process)
The Board of Directors of Porcine Sun have set a minimum required return of 25%. What was the company's residual income last year?
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